HUL Q3 Results: Fast-moving consumer goods sector bellwether Hindustan Unilever (HUL) reported a disappointing earnings for the quarter ended December on Friday, with the net profit rising a mere 0.6% year-on-year (YoY) to Rs 2,519 crore, and missing the ETNow poll estimate of Rs 2,724 crore.Revenue from operations fell 0.3% YoY to Rs 15,188 crore, and also trailed estimates of Rs 15,533 crore.
HUL Q3 results today: Hindustan Unilever (HUL) is expected to report its Q3 earnings with muted numbers due to weak volume growth, price cuts, and rising advertising costs. Analysts predict a 6% YoY rise in net profit to Rs 2,653 crore, with a 1% growth in revenue to Rs 15,378 crore. The quarter-on-quarter (QoQ) bottomline is expected to fall 2.4%, while the topline could grow by 0.7%. HUL s performance in the October-December period was affected by uneven rainfall, a warmer winter, and subdued rural demand, resulting in a projected 2% growth in volumes.
HUL Q3 results: Profit and revenue growth are likely to be nil while revenue could fall on yearly basis, analysts said in view of weak demand trends, with no material pick-up in the festive demand.
Hindustan Unilever (HUL) reported a disappointing quarterly performance, with net profit rising 0.6% YoY to Rs 2,519 crore, missing estimates. Revenue from operations fell 0.3% YoY. Underlying sales growth and volume growth were flat. EBITDA rose 0.1% YoY to Rs 3,540 crore. Operating margins expanded 8 basis points to 23.31%. Homecare segment sales declined, beauty and personal care segment had flat sales growth, and the foods and refreshments segment saw a 1% growth in sales.